us

216.73.216.133

Cyber Crime Spreads in Australia as COVID-19 Pushes More People Online

cyber-s

The Australian Cyber Security Center (ACSC) revealed that they received one cybercrime report every 8 minutes for 12 months until June 30, 2021.

On Wednesday (15 September), Australia reported that the cybercrime rate in the country had increased by 13% in the last year. The major driver behind the growth has been identified as the rising consumer shift towards the online spaces amidst the COVID-19 pandemic. 

The Australian Cyber Security Center (ACSC) revealed that they received one cybercrime report every 8 minutes for 12 months until June 30, 2021.

According to the Australian Federal Police (AFP), the term ‘cybercrime’ is used when referring to the crimes directed at computers or other information communications technologies (ICTs) as well as the crimes where computers or ICTs are used as an integral part to commit an offence (such as online fraud). 

Defence Minister Andrew Hasty added to the ACSC announcement in his recent statement and focused on the role played by remote hackers that use the fear induced by COVID-19 to aggressively target vulnerable individuals and medical services. 

According to Reuters, ransomware incidents increased by nearly 15%,  with the medical sector reporting the second-highest number of attacks since last year.

“Malicious cybercriminals are escalating attacks on Australians,” Hasty said while explaining how the attacks were mainly targeted at the government, political parties, and medical institutions and other essential service providers.

Sources told Reuters that Australia views China as the primary suspect behind the cyberattacks, which Beijing has completely denied.

Suggested Read: Effective AML Compliance – Top 5 Tips for Businesses in Australia

Related Posts

News

Dutch online bank joins the queue of fines imposition drive of Europe for AML compliance failure, fined €2.6 million

Dutch online bank joins the queue of fines imposition drive of Europe for AML compliance failure, fined €2.6 million

Explore More

News

Safra Sarasin, private Swiss bank, fined, as they failed to stop laundering of illicit funds

Safra Sarasin, private Swiss bank, fined, as they failed to stop laundering of illicit funds

Explore More

News

JP Morgan agreed to pay $330 million to Malaysia to settle 1MDB case, additional $3 million implied in fines by Switzerland

JP Morgan agreed to pay $330 million to Malaysia to settle 1MDB case, additional $3 million implied in fines by Switzerland

Explore More

News

The Gambling Commission of the UK announced a £1 million fine on ProgressPlay Limited due to compliance failure

The Gambling Commission of the UK announced a £1 million fine on ProgressPlay Limited due to compliance failure

Explore More

News

UAE Central Bank hit Financial Firms with fines due to compliance failures

UAE Central Bank hit Financial Firms with fines due to compliance failures

Explore More

News

Rising Bank fraud and Money Mule Networks should be a national security threat, warns a UK-based Think Tank

Rising Bank fraud and Money Mule Networks should be a national security threat, warns a UK-based Think Tank

Explore More

News

Singapore Hits Law Firms With $200,000 in Fines Amid Ongoing AML Investigation

Singapore Hits Law Firms With $200,000 in Fines Amid Ongoing AML Investigation

Explore More

News

Dutch online bank joins the queue of fines imposition drive of Europe for AML compliance failure, fined €2.6 million

Dutch online bank joins the queue of fines imposition drive of Europe for AML compliance failure, fined €2.6 million

Explore More

News

Safra Sarasin, private Swiss bank, fined, as they failed to stop laundering of illicit funds

Safra Sarasin, private Swiss bank, fined, as they failed to stop laundering of illicit funds

Explore More

News

JP Morgan agreed to pay $330 million to Malaysia to settle 1MDB case, additional $3 million implied in fines by Switzerland

JP Morgan agreed to pay $330 million to Malaysia to settle 1MDB case, additional $3 million implied in fines by Switzerland

Explore More

News

The Gambling Commission of the UK announced a £1 million fine on ProgressPlay Limited due to compliance failure

The Gambling Commission of the UK announced a £1 million fine on ProgressPlay Limited due to compliance failure

Explore More

News

UAE Central Bank hit Financial Firms with fines due to compliance failures

UAE Central Bank hit Financial Firms with fines due to compliance failures

Explore More

News

Rising Bank fraud and Money Mule Networks should be a national security threat, warns a UK-based Think Tank

Rising Bank fraud and Money Mule Networks should be a national security threat, warns a UK-based Think Tank

Explore More

News

Singapore Hits Law Firms With $200,000 in Fines Amid Ongoing AML Investigation

Singapore Hits Law Firms With $200,000 in Fines Amid Ongoing AML Investigation

Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started